Zheng Quan Zhi Xing·2025-08-29 16:40Fundraising Overview - The company raised a total of RMB 143,016.98 million from its initial public offering, with a net amount of RMB 134,783.29 million after deducting issuance costs [1][2] - The funds are stored in a dedicated special account, and a tripartite supervision agreement has been signed with the sponsor and the commercial bank [1] Fund Utilization - Due to the actual net amount being lower than the planned investment in the prospectus, the company adjusted the total investment scale and the scale of funds used for projects, maintaining a total of RMB 134,783.29 million [2] - Some funds are temporarily idle due to the construction cycle of the fundraising projects [2] Cash Management Plan - The purpose of cash management is to ensure that the use of idle funds does not affect project construction and to enhance fund efficiency [3] - The company plans to use up to RMB 50,000 million of temporarily idle funds for cash management within a 12-month period [3][6] - Investment products will include safe, liquid options such as structured deposits, time deposits, and large certificates of deposit [3] Implementation and Oversight - The board of directors has authorized the chairman or designated individuals to make investment decisions and sign relevant legal documents [3] - The company will adhere to regulatory requirements for information disclosure regarding cash management activities [5] Impact on Operations - The cash management initiative is designed to improve fund efficiency without impacting the normal operations of the company or its main business [4][7] - The income generated from cash management will be used to supplement any shortfall in project investment amounts [5] Compliance and Approval - The cash management plan has been approved by the board of directors and complies with relevant regulations and internal management systems [7] - The sponsor has confirmed that the plan does not alter the intended use of the raised funds and will not harm the interests of the company or its shareholders [7]